We’ve all heard about the PM Kisan Samman Nidhi Yojana – the revolutionary new initiative by the Indian government to alleviate the economic suffering of the country’s rural citizens. But what exactly is the program about and how will it help its beneficiaries? In this article, we’ll take a closer look at this important scheme so that you can get a better understanding of the program and its potential impact.
PM Kisan Samman Nidhi Yojana is an initiative of the Government of India aimed at providing financial support to small and marginal farmers of India. Under the scheme, an annual income support of Rs 6,000 (INR three thousand per annum) is provided to all farmer families in three equal installments of Rs 2,000 each.
Benefits of the scheme are:
- Fiscal Security: The yearly financial assistances of Rs. 6,000 provides the farmers with financial security.
- No Minimum Holding Requirement: Unlike other schemes, this yojana does not have any minimum landholding requirement.
- Easy to Apply: The scheme can be applied for through online applications.
The scheme is intended to reduce the financial distress of the farmers caused by the disruption of their cropping cycles and increase the sustainability of their farmlands. Furthermore, it provides them with the basic financial support to procure fertilizers, seeds, and other chemical inputs.
PM Kisan Samman Nidhi Yojana is a great scheme set up by the Narendra Modi government to support small and marginal farmers in India. Hopefully, this article has given you an understanding of when and how the scheme was launched, who is eligible for it and how these farmers can benefit from it. With this knowledge in hand, you are now well equipped to take advantage of this wonderful opportunity and support yourself and your family financially.